#数字资产市场动态 What does the on-chain chip distribution of Ethereum suggest?

Recently, I noticed an interesting phenomenon. ETH surged to $3100 and then pulled back, now fluctuating between $2900 and $3000. But on-chain data reveals a different story — the $2772 level has accumulated over 4.4 million ETH, forming a clear chip fortress.

Even more noteworthy, only 180,000 ETH changed hands on-chain in the past 24 hours. Market participation is clearly insufficient, with both bulls and bears on the sidelines.

The total chips supporting the entire $2772-$2950 support zone have exceeded 10 million ETH. This scale is indeed huge. The current question is whether these chips can hold this line of defense. From a bottoming perspective, the increasing chip density indeed hints that a major move may be near.

Historically, similar chip accumulations often indicate two outcomes: either a breakout upward after gathering strength or an inability to hold and a downward test. Market sentiment will be the decisive factor.

What do you think about this round of the market? Can ETH stand up from here?